|
Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ISTA SUPAP
COMPANY |
|
|
|
|
Registered Office : |
7th KM of |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
23.11.2005 |
|
|
|
|
Com. Reg. No.: |
18458 |
|
|
|
|
Legal Form : |
Limited
Liability Company |
|
|
|
|
Line of Business : |
Distributor of Industrial Equipment, Valves, Round Steel Wires & Generation System Engines. |
|
|
|
|
No of Employees : |
35 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial
difficulties seems comparatively below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but Correct |
|
Litigation : |
Clear
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Iran |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Iran ECONOMIC OVERVIEW
Iran's economy
is marked by statist policies, an inefficient state sector, and reliance on oil,
a major source of government revenues. Price controls, subsidies, and other
distortions weigh down the economy, undermining the potential for
private-sector-led growth. Private sector activity is typically limited to
small-scale workshops, farming, some manufacturing, and services. Significant
informal market activity flourishes and corruption is widespread. New fiscal
and monetary constraints on Tehran, following the expansion of international
sanctions in 2012 against Iran's Central Bank and oil exports, significantly
reduced Iran's oil revenue, forced government spending cuts, and fueled a 60%
currency depreciation. Economic growth turned negative in 2012 and 2013, for
the first time in two decades. Iran continues to suffer from double-digit
unemployment and underemployment. Lack of job opportunities has convinced many
educated Iranian youth to seek jobs overseas, resulting in a significant
"brain drain." However, the election of President Hasan RUHANI in
June 2013 brought about widespread expectations of economic improvements and
greater international engagement among the Iranian public, and early in
Ruhani's term the country saw a strengthened national currency and a historic
boost to market values at the Tehran Stock Exchange.
|
Source
: CIA |
Company Name: Ista Supap Company
Address: 7th
KM of Tehran Main Rd, End of Irdak, Tabriz, Iran
Telephone: +98 411 6375601-2
Fax: +98 411 6375603
E-mail: supap.ista@gmail.com / info@istasupaptabriz.com
Current
Legal Form: Limited Liability
Company
Registration
Address:
7th KM of
Start Date: 23/11/2005
Registration Number: 18458
Registration Date: 23/11/2005
Registration Town: Tabriz
National Code ID: 10200240479
Chamber of Commerce No: 179396
Currency: Iranian Rials
Nominal capital: 500,000,000
|
Number of Shares: 500,000 |
Type of Shares: |
|
Issued Shares: |
Value per share: 1,000 |
|
Shareholder Names |
% of Voting/Non-Voting Capital |
|
Haji Karam Zanjani |
100% |
Name:
Mr. Ahmad Haji Karam Zanjani
Position within the
company: Chairman
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak:
Farsi- English
Name:
Mr. Sara Haji Karam Zanjani
Position within the
company: Managing Director
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Name: Mr. Simin Haji Karam Zanjani
Position within the
company: Director
Country of
Birth: Iran
Nationality: Iranian
Can fluently
speak: Farsi-
English
Operations
Distributor of Industrial Equipment, Valves,
Round Steel Wires & Generation System Engines.
Local Reporters consider the investigated company to be
Medium in their field of concern.
Company Employs: 35
Operates from: Owned, Office, Warehouse
Location: Central Business
Area, Main Road
Imports : Finished
Goods
Import%: 100%
Import from: Sri Lanka, India
Import terms: letters of credit
Exports : Finished Goods
Export%: 20%
Export from: Europe
Export terms: letters of credit
Territory: 80% Nationality,
20% Internationally
Type of Customer: Group Companies, Retailers
Terms of sales: letters of credit
Vehicles: Total number of vehicles:
15
No related companies
Tejarat Bank
Solicitor: Mrs.
Fatemeh Arabi
Auditors:
Mr. Javad Hashemi
Subject's payments reported to be:
Non- Complaint
Name/Title: Mr. Simin Haji Karam Zanjani - Director
The subject confirmed it.
Note: the address which you provided is the
branch address of the subject.
Local Reputation: The company being investigated is considered by local reporters to be a Normal Trade Risk and to be fair.
Owner/Shareholders Comments:
All of owners involved in the running of the
business
Age of Business: Old Family Business
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
UK Pound |
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis
Done by : |
KAR |
|
|
|
|
Report
Prepared by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base
with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong) capability
for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial
difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New
Business |
-- |
This score serves as a reference to
assess SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.